1606 N Mohawk St APT BChicagoIL60614
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Chicago at 1606 N Mohawk St APT B, Chicago, IL, 60614 priced at $1,013,400 converts $5,558/mo rent into after a $4,960/mo obligation. Total monthly income equals $5,558/mo. Return on cash invested prints 13.47% in year one, and rental yield reads 6.58% against a $1,013,400 entry. Equity gained on principal adds $6,539/yr, while 5% annual appreciation compiles into $279,984 by year five. Five-year ROI reaches 69.76% and total cumulative return in cash sums $229,067. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,558/mo property income covering a $4,960/mo payment, not borrower’s personal income.
Townhouse
Built in 1989
2.02 Acres lot
$N/A/sqft
$417 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60614, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39,652 (100%) |
| Owner Occupied HU | 15,678 (39.5%) |
| Renter Occupied HU | 20,729 (52.3%) |
| Vacant Housing Units | 3,245 ( 8.2%) |
| Median Home Value | $725,252 |
| Average Home Value | $931,602 |
Housing Distribution
Address Breakdown
Residential
39,043
Single Family
10,459
Multi-Family
28,584
Businesses
1,922
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